All posts tagged tobacco

Oscar Veldhuijzen of TCI Fund Management kicked off today’s Active-Passive Investor Summit in Manhattan with a discussion of the London-based firm’s investment in Japan Tobacco. TCI, which manages more than $9 billion, invested in the tobacco company in summer 2011. It has since more than doubled.

“It is one of our most successful investments in recent years, a turnaround investment,” said Veldhuijzen, a partner and analyst at the roughly 50-person firm. In the beginning there were “virtually no believers.”

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Japan Real Time is a newsy, concise guide to what works, what doesn’t and why in the one-time poster child for Asian development, as it struggles to keep pace with faster-growing neighbors while competing with Europe for Michelin-rated restaurants. Drawing on the expertise of The Wall Street Journal and Dow Jones Newswires, the site provides an inside track on business, politics and lifestyle in Japan as it comes to terms with being overtaken by China as the world’s second-biggest economy. You can contact the editors at japanrealtime@wsj.com